Benkadi 3 Group

The ten members of the Benkadi 3 group are married women with an average age of 42 and an average of two children.. Mostly they live in polygamous families in Zamougou, a village in the prefecture of Diooila, Koulikoro region (Mali's Second Administrative District). They work with Soro Yiriwaso so as to get their farming activity on a sounder footing before the rainy season begins.. This will be their first seasonal loan.They grow peanuts, millet, corn, beans and other crops.

Fatoumata B. S. plans to use her loan to buy fertilizer before its price goes up, and also to buy small tools and pay hired help to work on about one hectare of peanuts and beans.

The harvested crops will be sold in Fana and Dioila, to both men and women. Each member of the group is counting on making a profit of about CFA 45,000 at the end of the season

Additional Information

Important Information

Soro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.